S.D. Codified Laws § 51A-12-2.2

Current through the 2024 Legislative Session

Section 51A-12-2.2 - Expiration of exception-New exception request

Any exception granted by the director under § 51A-12-2.1 expires when the agricultural operating loan matures or twelve months after the exception is granted, whichever occurs first. A new exception request shall be submitted prior to the renewal of the agricultural operating loan if the loan to be renewed would exceed the loan or credit limitation as provided in § 51A-12-2, unless otherwise approved by the director.

SDCL 51A-12-2.2

SL 2012, ch 234, §2.